Did you ever consider that paying off your debts might improve your income?
By jediwa72
@jediwa72 (204)
United States
December 4, 2006 3:26pm CST
I was listening to a Christian Radio talk show this morning and this well known author has just released a book about mapping your finances. He speaks of getting things right with God on a financial level. Even if you don't believe in God, don't you think that it is worth it just for good karma or even just your health to get financial debts in order. A girl came on talking about how she had worked for money but didn't pay her taxes...I found this so interesting that she just really wanted to get it right. It was actually somewhat inspirational to me to get my own finances in order. What's your opinion on the matter? Do you think you should be responsible for all your debts whether they be taxes owed (even that you could get away with), credit cards, hospital bills or whatever?
3 people like this
20 responses
@Khokhonut (702)
• United States
5 Dec 06
Of course we should be responsible for our debts.
I mean they are "our" debts, if we are not responsible, then who would be?
I think this goes further than finance, but back to alot of people in this day and age not wanting to take responsibility for their actions, financial or otherwise.
@jediwa72 (204)
• United States
5 Dec 06
i totally agree with you...so often these days people take their aggrivations with the government or whatever as an excuse to get away not paying their debts...but as aggrivating as certain things can be...if you accumulated the debt then it should be your resposibility. i think the only time a what if could come in is with hospital situations...out of work, out of pay and sick...that can be a difficult situation.
@polachicago (18716)
• United States
4 Dec 06
I believe in Karma. Life is like a river. In and out. You need balance in your life including financial part of it.
@superman820 (37)
• Philippines
5 Dec 06
paying debts will never improve income however this is different in business. having debts is sometimes if not most of the time beneficial.
@bblessed (1822)
• United States
5 Dec 06
Sometimes people fall into what you might call hard times. Yes I believe if you have bills you should pay them. Even it that means paying it alittle bit at a time until you get it paid you should try to make some effort. I am sure you would feel better and have a much better life if you had all your bills paid! You wouldnt have the headaches as to where am I going to get the money to pay the bills ect.
@Meljep (1666)
• United States
5 Dec 06
Credit cards are the biggest scam of the century. It's good to get out of debt and have more disposable income. There are several religious authors who are trying right now to get people to see that debt is not a smart road to follow. It's a very wise idea to not be in debt.
@Centregeek (500)
• United States
5 Dec 06
I think that it is good to take care of your responsibilities and make good on your debts. You feel better without this pressure hanging over your head and in the back of your mind.
@volschenkh (1043)
• South Africa
5 Dec 06
I agree, that is my most important wish as well, to pay off the debt. Why do you think I am on MyLot....to make a extra buck of course! Everly little bit helps!!!
@sndshrane (288)
• India
5 Dec 06
i agree with this because most of the income is going in paying interest on it therefore paying off debts might improve income
@psmohan (1877)
• India
5 Dec 06
To a greater extent the individuals are themselves responsible for their own debt. But when they do not have alternative but there are more dependents who have to be cared for there is no other alternative except to indulge in debts. After sometime debt eats the debt and becomes enlarged. It really becomes difficult to stop this swelling unless one make s concerted effort to clear the same on time. If one is debtor he should be watchful and try to come out of it as early as possbile. Because of our folly somebody else is becoming rich somewhere at our sufferings.
@aprilsue00 (1991)
• United States
4 Dec 06
I definately believe that you are responsible for your own debts. You created them why should someone else pay for it.
@rikpallav (1242)
• India
5 Dec 06
I really think so... but I would like to also say that I am also very badly in debt and do not know how to get read of it... I am paying for the debts in installments. so that there is not much pressure
@Desdemona (1301)
• Canada
5 Dec 06
Yes I believe we all should be responsible for our own debt. The big issue is, people don't know how to budget and companies know how to reel ya in.
Did you know 90% of people die with debt? Big number, eh?
@GnosticGoddess (5626)
• United States
5 Dec 06
I do think you should be responsible for the debt you accumlate. Unless like a major accident or something that was caused by someone else. I never feel like I can catch up. I've got them in order and no ones calling me or anything but I don't feel I can ever get ahead cause they're always something waiting around the corner. Esp owning a home. I do think if you have less debt that you would be happier and healthier because you wouldn't worry so much. I don't like paying taxes like everyone else on Earth but it's the law.
